FUV on NASDAQ

Arcimoto

Electric vehicle company headquartered in Eugene, Oregon

Arcimoto, Inc. is an electric vehicle company headquartered in Eugene, Oregon, that designs, manufactures, and sells the FUV—a tandem two-seat, three-wheeled electric vehicle—and its four variations. Due to failure in scaling production to reduce unit price, Arcimoto ran into financial troubles in 2023, which stopped all production and resulted in the company being delisted from NASDAQ. At its peak in February 2021, Arcimoto held a market capitalization of $1.2 billion, which fell to $3,690 as of July 2024.3 It was founded by Mark Frohnmayer.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

Oct 1, 2007Founded1

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  • TickerFUV on NASDAQ1
  • Industryautomotive industry1
  • HeadquartersEugene1
  • Websitearcimoto.com
  • Legal formprivately held company1
  • Incorporated inOR5
  • Business address2034 West 2Nd Avenue, Eugene, Or 974025
  • Filer categoryNon-accelerated filer, Smaller reporting company5
  • LEI549300MG7KF9H96GWE024
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O DOUGLAS CAMPOLI, 97402 Eugene, United States4
  • Registered withCorporation Division (Oregon Secretary of State), 478709-934
Arcimoto test drive (8465556733)
Photo: Oregon Department of Transportation, CC BY 2.0, via Wikimedia Commons7

Arcimoto, Inc. is an electric vehicle company headquartered in Eugene, Oregon, that designs, manufactures, and sells the FUV—a tandem two-seat, three-wheeled electric vehicle—and its four variations.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-254.6%Gross margin8
-907.3%Operating margin8
-958.9%Net margin8
49.5%Revenue growth, 20228
-200.5%Return on equity8
0.04×Debt to equity8
-$55.6MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue54¢$23.3M
  • Research and development44¢$18.9M
  • Interest3¢$1.1M
  • Income tax0¢$4.0K

Out of $6.6M in revenue.8 The company lost money this year.

Financial statements

Revenue91011128$6.6M in 2022+5063% since 2017
0$2.0M$4.0M$6.0M$8.0M2017: $127.0K$127.0K20172018: $95.0K$95.0K2018−25%2019: $987.9K$987.9K2019+940%2020: $2.2M$2.2M2020+120%2021: $4.4M$4.4M2021+102%2022: $6.6M$6.6M2022+50%
Gross profit91011128-$16.7M in 2022
-$20.0M-$15.0M-$10.0M-$5.0M0$5.0M2017: $48.6K$48.6K20172018: -$32.5K-$32.5K20182019: -$1.9M-$1.9M2019+5812%2020: -$6.1M-$6.1M2020+216%2021: -$12.8M-$12.8M2021+110%2022: -$16.7M-$16.7M2022+31%
Operating income1391011128-$59.5M in 2022+3020% since 2016
-$60.0M-$40.0M-$20.0M02016: -$1.9M-$1.9M20162017: -$3.3M-$3.3M2017+73%2018: -$11.0M-$11.0M2018+235%2019: -$14.5M-$14.5M2019+31%2020: -$17.4M-$17.4M2020+20%2021: -$51.6M-$51.6M2021+197%2022: -$59.5M-$59.5M2022+15%
Net income1491011128-$62.9M in 2022+3176% since 2016
-$80.0M-$60.0M-$40.0M-$20.0M02016: -$1.9M-$1.9M20162017: -$3.3M-$3.3M2017+73%2018: -$11.1M-$11.1M2018+233%2019: -$15.3M-$15.3M2019+39%2020: -$18.1M-$18.1M2020+18%2021: -$47.6M-$47.6M2021+162%2022: -$62.9M-$62.9M2022+32%
Fiscal year2016201720182019202020212022
Revenue$127.0K9$95.0K10$987.9K11$2.2M12$4.4M12$6.6M8
Cost of revenue$78.4K9$127.5K10$2.9M11$8.3M11$17.1M8$23.3M8
Gross profit$48.6K9-$32.5K10-$1.9M11-$6.1M12-$12.8M8-$16.7M8
Research and development$974.8K13$1.5M9$3.8M10$6.0M11$3.0M11$12.1M8$18.9M8
Operating expenses$38.9M8$42.8M8
Operating income-$1.9M13-$3.3M9-$11.0M10-$14.5M11-$17.4M12-$51.6M8-$59.5M8
Interest$12.8K13$34.1K9$100.9K10$891.6K11$721.5K11$216.5K8$1.1M8
Income before tax-$50.5M8-$62.9M8
Income tax-$2.9M8$4.0K8
Net income-$1.9M14-$3.3M9-$11.1M10-$15.3M11-$18.1M12-$47.6M8-$62.9M8
Earnings per share-$25.928-$28.458
Shares (weighted, basic)1.8M shares82.2M shares8

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Corporate structure

Arcimoto sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Arcimoto

  • Ayrton Capital LLC Filed SCHEDULE 13G/A on Arcimoto, latest Feb 13, 2025 (2 filings since Feb 14, 2024)
  • Five Narrow Lane LP Filed SC 13G on Arcimoto, latest Aug 29, 2023
  • Invesco Filed SC 13G/A on Arcimoto, latest Jan 10, 2023 (2 filings since Feb 9, 2022)
  • Arcimoto Eugene, Oregon, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Arcimoto reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$35.7M8 Dec 31, 2022$28.0M8 Dec 31, 2021+27.6%
Accumulated depreciation$5.9M8 Dec 31, 2022$3.6M8 Dec 31, 2021+61.7%
Property and equipment, net$29.8M8 Dec 31, 2022$24.3M8 Dec 31, 2021+22.5%
Operating-lease assets (leased space)$1.3M8 Dec 31, 2022$08 Dec 31, 2021

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$462.8K8 Dec 31, 2022$17.0M8 Dec 31, 2021−97.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$08 Dec 31, 2022$08 Dec 31, 2021
Intangible assets, net (excluding goodwill)$9.0M8 Dec 31, 2022$9.9M8 Dec 31, 2021−8.5%
Finite-lived intangibles, gross$10.6M8 Dec 31, 2022$08 Dec 31, 2021
Accumulated amortization$1.6M8 Dec 31, 2022-$762.3K8 Dec 31, 2021+310.2%
Finite-lived intangibles, net$9.0M8 Dec 31, 2022$9.9M8 Dec 31, 2021−8.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$12.3M8 Dec 31, 2022$7.9M8 Dec 31, 2021+56.9%
Raw materials$11.5M8 Dec 31, 2022$7.1M8 Dec 31, 2021+62.1%
Work in process$08 Dec 31, 2022$70.2K8 Dec 31, 2021−100.0%
Finished goods$832.5K8 Dec 31, 2022$696.8K8 Dec 31, 2021+19.5%

The story

Founded by Mark Frohnmayer on Oct 1, 2007.1

On September 23, 2009, Arcimoto debuted the Pulse, with an estimated $20,000 price, taking pre-orders for $500. The Pulse is now considered a Generation 3 prototype by the company.

On April 23, 2011, Arcimoto revealed their fifth prototype, and the first SRK. According to Founder Mark Frohnmayer, actor Nathan Fillion drove their vehicle and came out saying it was like driving a shark, which is where the name SRK came from. This model added extra power (89 hp) and four body designs on a common chassis. According to Frohnmayer, Generation 6 SRK, revealed in April 2012, was to be the pilot with 14 vehicles produced, 10 of which already had committed purchasers, then the pilot run had been increased to 40 units, sold for $41,000 each. Some time later, Generation 7 was expected to be the mass production model in late 2012 but the company determined it was too large and heavy to create a viable market solution and opted to develop an eighth prototype generation that featured handlebars instead of a steering wheel.

In 2017, Arcimoto filed an IPO and was listed on NASDAQ as FUV and soon after began delivering its first production vehicle named the FUV.

In June 2020, Arcimoto started working with Sandy Munro to streamline the design and manufacture.

In mid-January 2023, Arcimoto, running low on cash, idled its factory and floated the possibility of bankruptcy. From April 2024 to May 2025, the Arcimoto website was deactivated and inaccessible. Arcimoto's 2023 Q3 report showed it with $9.5 million of bills past due and $232k on hand. As of April 2024, the company has not produced its 2023 Q4 report, has defaulted in several judgements on unpaid bills, and was delisted from NASDAQ.

In May 2025, the Arcimoto website was reinstated in a simplified form, showing only the FUV and MUV models.

To date, Arcimoto has designed and built eight generations of three-wheeled electric vehicle prototypes.

From Wikipedia’s article on Arcimoto, shared under CC BY-SA 4.0.6

Leadership

Who has led Arcimoto, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Douglas M. Campoli2018–2022

Chief operating officer

  1. Terry L. Becker2018–2023
2010201520202025
Board members and other officers (12)

Products and brands

  • electric vehicle

Listed on Wikidata.1

Arcimoto produces multiple products based on the same vehicle platform. The vehicles have 102 miles (164 km) of range from the battery electric powertrain. The platform is divided into the FUV for personal use, the Rapid Responder for emergency services, and the Deliverator for last-mile and local delivery. Future variations of the platform have been announced, such as the Cameo and flatbed truck variants; public information is still limited.

Technical specifications

Claimed Performance

Weight & Measures

Features

Read the full text

Additional product specs

In an interview, the CEO of Arcimoto stated that the vehicles use off-the-shelf motor controllers, battery cells, and switched reluctance motors, as well as a two-stage reduction gearbox developed and built in house. He also stated that the vehicles contain two single speed parallel gear trains with a 7:1 ratio. The Arcimoto website contains none of this technical information, and these claims have not yet been confirmed by a third-party source.

Manufacturing/AMP

The Arcimoto Manufacturing Plant is Arcimoto's original production facility. The company began leasing the building October 1, 2017. Arcimoto held a grand opening ceremony on November 29, 2017, where Arcimoto's president reflected on the progress made over eight generations of their vehicle platform. Upon building out the interior with equipment capable of producing up to 5,000 units per year, they began production on September 19, 2019.

The company plans to refine their manufacturing processes and product platform, and then use the AMP as a template for future AMPs. According to an Arcimoto earnings review, the CEO stated plans for subsequent AMPs that are projected to support 50,000 to 100,000 units per year. Except for an east coast AMP in the US, new AMPs will be built as joint ventures. The company plans to have local production capacity in Europe, Southeast Asia, and another, undetermined location.

Second manufacturing facility

In 2021, Arcimoto purchased a manufacturing facility, unofficially dubbed the RAMP, about a city block away from AMP 1. It was previously owned by Pacific Metal Fab, a metal fabrication business, resulting in minimal remodel work needing to be completed. RAMP is 185,000 square feet or roughly five times larger than AMP 1. Once fully ramped, the company expects to produce 25,000 vehicles in this facility. The first vehicles off the line are due by the end of 2021.

Batteries

As of 2021, Arcimoto is utilizing cells made by the manufacturer Farasis Energy, a Chinese-based battery cell supplier. Farasis will add additional production capacity in the United States and Europe. This will enable lower costs for Arcimoto, reduced lead time, and decrease the likelihood of logistical delays concerning the physical distance and political climate between the US and China. As of May 2020, their supplier was conducting site selection in the US.

The FUV platform uses pouch cells with a Lithium-Nickel Manganese Cobalt (NMC) battery chemistry of about 30 Ah each from Farasis Energy, which are the same as Zero Motorcycle's cells or the cells in the Polaris / Brammo Empulse. The cells combine to a total of 19.2 kWh in the FUV battery in a 28s 6p configuration. In conventional EV battery notation, "6p" means that cells are combined in groups of 6 cells in parallel (for 180 Ah of total capacity), and "28s" means that 28 of those groups are connected in series. A smaller battery pack of 12 kWh has a 28s 4p configuration of the same cells, for the same pack voltage but only two-thirds of the capacity. Arcimoto developed their own interconnect system for their batteries. The battery is capable of accepting level 2 charging; however, the company plans on making their fleet vehicles handle higher charging rates in the future.

Software

Arcimoto vehicles will have custom software in the vehicle, along with a mobile application.

Arcimotos will be subject to over-the-air updates. Updates can affect all components, including the display and the handling characteristics.

In addition to controlling driving dynamics, the mobile application will control how the vehicle behaves. For example, golf courses may construct geofences which will limit the top speed of an FUV while the passengers are golfing.

The company also plans to use the application to enable Arcimoto owners to rent their vehicle to others.

Fun Utility Vehicle, FUV

The company's first vehicle, the Fun Utility Vehicle, or FUV, is a tandem two-seat three wheeled electric motorcycle with an EPA-rated range of 102 city miles per charge The vehicle will have a fuel economy of 173.7 MPGe at city driving speeds. The FUV is freeway capable, with a maximum speed of 75 mph (121 km/h). The company officially launched production and delivery of the retail Fun Utility Vehicle on September 19, 2019.

Modular Utility Vehicle, MUV

The Modular Utility Vehicle, or MUV (pronounced "M-U-V" or "Move") is the fifth variant of the FUV. Cutting the roll-cage off at the B-pillar, ditching the rear seat, and adding a flatbed and optional storage box in its place, the MUV is planned to serve the general utility, warehouse, agricultural, and last-mile delivery markets. It reportedly gets up to 173.7MPGe (102 miles, city) and can reach speeds up to 75 mph.

The MUV features a powder-coated steel headache rack at the B-pillar, protecting the driver from shifting loads and adding additional tie-down locations. The upper brake light has also moved from the typical C-pillar location (not present on the MUV) to the B-pillar.

The steel flatbed attaches to the chassis at the far rear and bottom of the B-pillar. It retains the overall package size of the FUV platform and provides over 30x30" on its surface for mounting. It features slots and tie-downs for securing official side rails and a tail-gate, an official steel storage box, custom solutions, or nothing at all. It does not have towing capabilities and its weight capacity has yet to be tested.

The optional steel storage box can be assembled to the flatbed with bolts in less than 10 minutes. Arcimoto say it is fully weatherproof, can be entirely wrapped in custom vinyl, features over 25 cubic feet of internal storage, and includes a large, locking door on the side. The door has an internal safety release, swings outward toward the driver, and was designed in such a way that it could be ordered on the left, right, or both sides of the box for various customer applications. An internal dome light and optional shelves lie inside. A brake light was also added at its top-rear as when installed, the storage box blocks the main brake light at the top of the B-pillar.

The features of the MUV (headache rack, flatbed, and storage box) were designed by Arcimoto mechanical engineers in 2022/2023. Despite only prototypes ever being made and minimal testing ever being conducted (due to mass company layoffs), the MUV remains a flagship product in the company's advertising, displayed front-and-center on their website. A promotional video was made in 2023 as well, showing off a nearly-complete prototype.

Rapid Responder

The Rapid Responder variant is built for emergency services and security professionals. Due to its smaller footprint compared to traditional emergency vehicles, the Rapid Responder can arrive at the scene of an incident more quickly and easily. The core of the Rapid Responder is an FUV with a roof rack available to store equipment and is outfitted with emergency flashing lights, including forward facing lights for increased visibility. The Rapid Responder also comes with a siren and 360-degree scene lights situated around the vehicle.

Arcimoto is conducting pilot programs of the Rapid Responder with the City of Eugene, the Eugene Springfield Fire Department, and the city of Eastvale, California.

Deliverator

The Deliverator is built for businesses who offer local and last-mile delivery to their customers. This variant comes with only one seat. The back seat is replaced by an extra-large cargo area that is accessible by a door on the right side (when seated in the vehicle). The Deliverator offers a top speed of 75 mph, 102 city miles of range, carrying capacity of 350 pounds, and 28 claimed cubic feet of storage, enabling deliveries of parcels.

Arcimoto is conducting pilot programs with companies and organizations around the US. The production version of the Deliverator will be ready by the end of 2020. Production is expected to ramp up to volume production during 2021.

Roadster

This FUV variant features no roof or roll cage, similar to a three-wheeled motorcycle. According to the company, removing the roof reduces the vehicle's weight by about 100 pounds, although this has not been independently verified. The seats are being developed by Corbin-Pacific while the windshield is being developed by National Cycle. Corbin-Pacific and National Cycle also manufacture the seats, windshield and roof for the FUV, Rapid Responder, and Deliverator. Pricing starts at $23,900 and will begin production in Q2 2021. Finalized specs have not been announced for the Roadster.

Cameo

The Cameo is the fourth variant of the Arcimoto platform that is specifically designed for filming applications. The passenger seat and storage compartment is replaced with a rear-facing seat. This configuration provides free range of motion for a cameraperson to film.

From Wikipedia’s article on Arcimoto, shared under CC BY-SA 4.0.6

Timeline

  1. Apr 25, 20248-K Listing notice or transfer32
  2. Apr 4, 20248-K Entered a material agreement; Unregistered sale of shares33
  3. Apr 4, 20248-K Entered a material agreement; Unregistered sale of shares34
  4. Apr 3, 20248-K Entered a material agreement; Unregistered sale of shares35
  5. Feb 23, 20248-K Listing notice or transfer36
  6. Jan 18, 20248-K Entered a material agreement37
  7. Nov 28, 20238-K Listing notice or transfer; Regulation FD disclosure38
  8. Nov 3, 20238-K Executive or director change39
  9. Oct 23, 20238-K Listing notice or transfer40
  10. Oct 19, 20238-K Executive or director change41
  11. Oct 13, 20238-K Shareholder vote42
  12. Oct 10, 20238-K Shareholder vote43
  13. Feb 2, 2018New chief executive Mark Frohnmayer becomes CEO18
  14. Sep 21, 2017Went public Listed on NASDAQ1
  15. Oct 1, 2007Founded Founded1

Calendar

When it reported results

  1. Aug 24, 2023Reported quarterly or annual results44
  2. Nov 14, 2022Reported quarterly or annual results45
  3. Aug 15, 2022Reported quarterly or annual results46
  4. May 16, 2022Reported quarterly or annual results47
  5. Nov 15, 2021Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

191 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 76 major events, 63 insider forms, 5 large holders, 38 other. The latest 20:

  1. Feb 13, 2025SCHEDULE 13G/A EDGAR
  2. Apr 25, 20248-K EDGAR
  3. Apr 4, 20248-K CURRENT REPORT EDGAR
  4. Apr 4, 20248-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
  5. Apr 3, 20248-K CURRENT REPORT EDGAR
  6. Apr 1, 2024NT 10-K EDGAR
  7. Feb 23, 20248-K CURRENT REPORT EDGAR
  8. Feb 14, 2024SC 13G EDGAR
  9. Feb 12, 2024424B3 PROSPECTUS SUPPLEMENT EDGAR
  10. Feb 12, 202410-Q QUARTERLY REPORT EDGAR
  11. Jan 18, 20248-K CURRENT REPORT EDGAR
  12. Nov 28, 20238-K CURRENT REPORT EDGAR
  13. Nov 14, 2023NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  14. Nov 3, 20238-K CURRENT REPORT EDGAR
  15. Oct 23, 20238-K CURRENT REPORT EDGAR
  16. Oct 19, 20238-K CURRENT REPORT EDGAR
  17. Oct 13, 20238-K CURRENT REPORT EDGAR
  18. Oct 10, 2023DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  19. Oct 10, 20238-K CURRENT REPORT EDGAR
  20. Oct 6, 20238-K CURRENT REPORT EDGAR

The 191 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Arcimoto is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARArcimoto Inc2
  • CIK0001558583
  • Employer ID (EIN)26-14494042
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inOregon2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3751 Motorcycles, Bicycles & Parts2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address2034 West 2Nd Avenue, Eugene, OR 974022
  • Phone541-683-62932
  • Shares outstanding9,451,015 as of Feb 9, 202417
  • Public float$110.9M as of Jun 30, 20228
  • On EDGAR sinceJul 8, 20132
  • Filings474 in all: 8-K (136), 4 (132), 4/A (22), 10-Q (21), 424B5 (18), CORRESP (14), 3 (13), DEFA14A (12)2
    All 43 form types

    8-K/A (8), DEF 14A (8), UPLOAD (8), NT 10-Q (7), 10-K (6), S-8 (6), SC 13G/A (6), PRE 14A (5), SC 13G (5), EFFECT (4), FWP (4), 1-A/A (3), 3/A (3), NT 10-K (3), SD (3), 1-A POS (2), D (2), D/A (2), QUALIF (2), S-1 (2), S-1/A (2), S-3 (2), 1-A (1), 10-K/A (1), 10-Q/A (1), 25-NSE (1), 253G2 (1), 424B3 (1), 424B4 (1), 8-A12B (1), ARS (1), CERTNAS (1), DOS (1), SC 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Apr 14, 2023
    Quarterly report (10-Q) Feb 12, 2024
    Proxy statement (DEF 14A) Sep 11, 2023
    Latest 8-K (8-K) Apr 25, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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